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. >> president obama wished house speaker john boehner an early happy birthday. the president gave him a bottle of sanjiovacy. >> one miff favorites. >> yes. >> yes, it could vool yait the gift limit is $50 and no combination from one source can exceed $100 per year, abc news reports the bottle retails for 125s oodz no wine for mr. boehner. >> an oakland police officer helped capture one of oakland's most-wanted criminals. this went down at ruth's chris steak house. the officer was having dinner, and he noticed a number of notorious street gangs in a nearby table. he stepped outside, called police then went back inside to his table, officers from both cities all converged outside. >> seemedf/s;s vital realtime information from the officer. we knew his movement, his whereabouts. >> the man arrested wanted for a residential robbery, he was dining with fellow gang members. police made some skipped out on the check go back, pay, and leave a nice tip. >> yes. >> still ahead on abc 7 news at 4:00 good samaritans. a grandfather saves a baby's live at the last minute. >>
. >> president obama wished house speaker john boehner an early happy birthday. the president gave him a bottle of sanjiovacy. >> one miff favorites. >> yes. >> yes, it could vool yait the gift limit is $50 and no combination from one source can exceed $100 per year, abc news reports the bottle retails for 125s oodz no wine for mr. boehner. >> an oakland police officer helped capture one of oakland's most-wanted criminals. this went down at ruth's chris steak...
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Nov 17, 2012
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house speaker john boehner says house speaker john boehner says he thinks they will have a solution before the end of the year. >>> and there are new details about the woman, jill kelley, at the center of the scandal that brought down general petraeus. as nbc's andrea mitchell reports jill kelley's connections went beyond the social elite and tampa, all the way to the white house. >> reporter: jill kelley and her twin sister met at the white house, touring it on november fourth november 4th, two days be general james november 4th, two days before general james clapper, the director of national intelligence was even told about the petraeus scandal. jill kelley mentioned the visit in an e-mail, saying i was at the white house with my friends in the administration this weekend. the stress was surreal. white house officials say the jill kelley sisters were invited by a staffer who may have met at the air force base. jill kelley was bipartisan in her outreach, she and her sister dropped in on a fundraiser for marco rubio two years ago, they did not pay, sources said, just arrived and soon left.
house speaker john boehner says house speaker john boehner says he thinks they will have a solution before the end of the year. >>> and there are new details about the woman, jill kelley, at the center of the scandal that brought down general petraeus. as nbc's andrea mitchell reports jill kelley's connections went beyond the social elite and tampa, all the way to the white house. >> reporter: jill kelley and her twin sister met at the white house, touring it on november fourth...
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Nov 17, 2012
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. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. e e goal would be to set specific targets now for savings from those reforms. msat would negate the need for cutp spending cuts congress called for last year that are set to kick in on january 1, the reme day the bush tax cuts are set to expire. that damaging combo has been wnme to be known as the fiscal cliff. while democrats often balling at day mention of entitlement reform, today nancy pelosi signaled a new openness. >> do we want to have savings from everything that we do? certainly? so we need revenue, we need savings, we need growth. > reporter: leader pelosi said tere appeared to be interest in a big deal, about four trillion rsllars worth of deficit reductions along the lines of the grand bargain that fell part wean the president and tpeaker boehner last year, rethony. >> mason: nancy, there are just 46 days until the new year. what can they really hope to ?ccomplish in that time? >>
. >> reporter: in the meeting, house speaker john boehner proposed leaders establish a framework in the next six weeks for wide scale reform of the tax code, medicare, and social security in 2013. e e goal would be to set specific targets now for savings from those reforms. msat would negate the need for cutp spending cuts congress called for last year that are set to kick in on january 1, the reme day the bush tax cuts are set to expire. that damaging combo has been wnme to be known as...
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Nov 17, 2012
11/12
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they are the ones doing the public posturing for him. >> i think also that john boehner does not have a strong hand. he has got a caucus that has dug in its heels on any kind of compromise. i saw this picture of john boehner, this cartoon character, holding a football and saying to president obama "trust me." >> there was an election on november 6 and the democrats did not do that badly. who is here? >> everybody has got to give. >> it really is true. you cannot tax your way out of this debt, you cannot slash expenses and get out of this in debt. you have got to do both. >> somewhat gradually. >> the president seems to be offering a two-for-one deal -- for every $1 of tax increase, he will cut expenses by $2. simpson-bowles wanted a one-to-3 ratio. the republicans want zero. >> but they have the business community that does not want us to go for the cliff -- >> if you use a different language, are there republicans amenable to an increase in taxes -- >> use the word "revenue." >> nancy pelosi took the position, a good negotiating position, that it ought to be $1 million to hundred $50
they are the ones doing the public posturing for him. >> i think also that john boehner does not have a strong hand. he has got a caucus that has dug in its heels on any kind of compromise. i saw this picture of john boehner, this cartoon character, holding a football and saying to president obama "trust me." >> there was an election on november 6 and the democrats did not do that badly. who is here? >> everybody has got to give. >> it really is true. you...
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Nov 17, 2012
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boehner. is it any different, or is this just about, i don't know, smoke and mirrors? >> well, i think the atmosphere is certainly different as you mentioned. in the past, these guys would go back to capitol hill and put out competing statements about what went on during the meetings. you saw what happened last year during the debt ceiling negotiations. this time it was one big happy family. there certainly seems to be some sort of recognition on the part of how fed up american people with sort of the seeing this game of chicken being played at such a high stakes time. i think there is certainly, after this election, there is kind of a let's get down to business. let's see if we can get this thing done. whether that can translate -- david just said, the biggest sticking point, taxes on the wealthy is still on the table. you can sing happy birthday to john boehner as much as you want. gwen: he would still say no. >> absolutely. i think it's really premature to try to predict what is going to ha
boehner. is it any different, or is this just about, i don't know, smoke and mirrors? >> well, i think the atmosphere is certainly different as you mentioned. in the past, these guys would go back to capitol hill and put out competing statements about what went on during the meetings. you saw what happened last year during the debt ceiling negotiations. this time it was one big happy family. there certainly seems to be some sort of recognition on the part of how fed up american people...
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Nov 17, 2012
11/12
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the big problem there was going to be john boehner. he has been very explicit about his position on this. he says we're not going to raise tax rates. we can increase revenues by getting rid of some of the loopholes and deduction, but he doesn't want to see that. that's very much an explicit tax increase. the other things are tax increases, but you can fudge in how you talk about it. so it could, if enough pressure comes on leadership and if they feel like they get a majority, they might be able to pull it off. >> the key there is the faster that it happens, the more likely it is to happen and the longer it drags on, the less likely it gets. john stanton, thank you very being with us. appreciate it. >> sure. >>> best new thing in the world, flat earth edition in a good way, is straight ahead. ♪ here a cheap, there a cheap, everywhere a cheap... you get it. so, what if instead of just a cheap choice, you could make a smart choice? like, esurance for example. they were born online and built to save people money from the beginning. it's
the big problem there was going to be john boehner. he has been very explicit about his position on this. he says we're not going to raise tax rates. we can increase revenues by getting rid of some of the loopholes and deduction, but he doesn't want to see that. that's very much an explicit tax increase. the other things are tax increases, but you can fudge in how you talk about it. so it could, if enough pressure comes on leadership and if they feel like they get a majority, they might be able...
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Nov 17, 2012
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. >> is speaker boehner ready to make a deal? >> the president convened a pow wow with leaders. >> the congressional leaders meeting at the white house today. >> begin negotiations about how to avoid that so-called fiscal cliff. >> fiscal cliff. >> this is the beginning of a fruitful process. >> the issue is taxes. >> only one bad word -- taxes. >> raising taxes is a very bad idea. >> raising taxes is a terrible idea. >> to show our seriousness, we put revenue on the table. >> we're prepared to put revenue on the table. >> a deadline. >> being able to work something out. >> there was a spirit of cooperation. >> tomorrow is speaker boehner's birthday. we didn't know how many candles were needed. ♪ best friend ♪ >> interrupting that was the ghost of christmas past. >> you guys are the best. thank you so much. >> mitt, 47%, romney. he is the gift that keeps on giving. >> republicans did not take kindly to mr. romney's words. >> i don't agree with the comments. >> we lost the presidency. it's time to move on. >> general petraeus
. >> is speaker boehner ready to make a deal? >> the president convened a pow wow with leaders. >> the congressional leaders meeting at the white house today. >> begin negotiations about how to avoid that so-called fiscal cliff. >> fiscal cliff. >> this is the beginning of a fruitful process. >> the issue is taxes. >> only one bad word -- taxes. >> raising taxes is a very bad idea. >> raising taxes is a terrible idea. >> to show...
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why did obama double the revenue target from 800 billion that he wanted in negotiation weise boehner, in 2011, why did he had less access. i think the question is billion than he was looking for before. this gives him a better starting point. i do think that both sides are going to try to work something out before the end of the year because they are all worried about the impact on the economy, not just in jab, but right now while you're watching the stock market and others negatively react to the fact that they are fearing this fiscal cliff. >> he must have known that this 1.6 trillion is a far more realistic number in the objectives. why didn't he mention >>> president obama will nominate susan rice as secretary of state. >> nope, he will back down. >> he won't back down. >> he will back down and not nominate her. >> he will
why did obama double the revenue target from 800 billion that he wanted in negotiation weise boehner, in 2011, why did he had less access. i think the question is billion than he was looking for before. this gives him a better starting point. i do think that both sides are going to try to work something out before the end of the year because they are all worried about the impact on the economy, not just in jab, but right now while you're watching the stock market and others negatively react to...
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Nov 17, 2012
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the big problem there was going to be john boehner. he has been very explicit about his position on this. he says we're not going to raise tax rates. we can increase revenues by getting rid of some of the loopholes and deduction, but he doesn't want to see that. that's very much an explicit tax increase. the other things are tax increases, but you can fudge in how you talk about it. and how you score it and that kind of thing. so it could, if enough pressure comes on leadership and if they feel like they get a majority, they might be able to pull it off. >> the key there is the faster that it happens, the more likely it is to happen and the longer it drags on, the less likely it gets. john stanton, thank you very being with us. appreciate it. >> sure. >>> best new thing in the world, flat earth edition in a good way, is straight ahead. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications,
the big problem there was going to be john boehner. he has been very explicit about his position on this. he says we're not going to raise tax rates. we can increase revenues by getting rid of some of the loopholes and deduction, but he doesn't want to see that. that's very much an explicit tax increase. the other things are tax increases, but you can fudge in how you talk about it. and how you score it and that kind of thing. so it could, if enough pressure comes on leadership and if they feel...
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if obama, president obama and boehner cannot come up with a plan the past two years, you have senators, a gang of six actually working on a plan b. so if boehner and obama can't come up with something that can go through the house you have a bipartisan group of senators working together, even bob corker from tennessee is working on a bill that will help simplify the code. if plan a doesn't work, plan b will work because at the end. day the american people have spoken, they kept the senate the same, the house virtually the same and the same president, so they're giving them a second chance to actually have our system work. and if working a bipartisan way, it will work. >> jamie: doug, the president, having not submitted a budget that passed in the first four years, at this point are there numbers out there that anybody has seen that proves that the tax increases and the spending cuts will avert a fiscal cliff? >> well, i think the immediate challenge is to avoid what's been called sequestration which is the process in place when they did the debt ceiling deal over a year ago. so, i thin
if obama, president obama and boehner cannot come up with a plan the past two years, you have senators, a gang of six actually working on a plan b. so if boehner and obama can't come up with something that can go through the house you have a bipartisan group of senators working together, even bob corker from tennessee is working on a bill that will help simplify the code. if plan a doesn't work, plan b will work because at the end. day the american people have spoken, they kept the senate the...
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. >> during that meeting the president sat between house speaker john boehner and senate majority leader harry reid calling for cooperation and compromise. >> we've got to make sure that taxes don't go up on middle-class families, that our economy remains strong, that we're creating jobs, and that's an agenda that democrats and republicans and independents, people all across the country, share. so, our challenge is to make sure that, you know, we are able to cooperate together, work together. >> joining me now for more, congressional reporter for "the washington post" ed o'keefe and national journal correspondent nancy cook. good morning both of you. last time we saw those three together, sort of a kumbayah moment when you have reid and boehner and mcconnell together. did you get a sense, ed, putting revenue on the table meant republicans were open to tax hikes for those makes $250,000 or more? >> no, they're not. they still say they don't want to see that increase. by talking about revenues the idea is you close loopholes, find a way to perhaps limit deductions and create revenue that w
. >> during that meeting the president sat between house speaker john boehner and senate majority leader harry reid calling for cooperation and compromise. >> we've got to make sure that taxes don't go up on middle-class families, that our economy remains strong, that we're creating jobs, and that's an agenda that democrats and republicans and independents, people all across the country, share. so, our challenge is to make sure that, you know, we are able to cooperate together, work...
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that's what boehner wants to do. what boehner said the day after the zbl the -- >> no, let me pick you up on that. that would be very bullish. i happen to totally agree with you. and that's exactly what speaker john boehner wants to do. that is precisely what he wants to do. essentially have tax reform and have entitlement reform and have it laid out so it it all gets done next year. this year is the down payment. >> that's right. >> now, don, is it too early, though, to make a bet on any of this? that's really what i'm asking. between now and year end, when the bush tax cuts expire at year end, what's a stock market investor to do? you're going to go up, you're going to go down. you saw today you had a is 00-point swing. but that's no way to be invested. what is your advice on how investors play this fiscal debate? >> i understand the sentiment that the wise thing to do is to take a long-term perspective. but every once in a while we experienced this in the summer of 2008. we're experiencing it again now. every once
that's what boehner wants to do. what boehner said the day after the zbl the -- >> no, let me pick you up on that. that would be very bullish. i happen to totally agree with you. and that's exactly what speaker john boehner wants to do. that is precisely what he wants to do. essentially have tax reform and have entitlement reform and have it laid out so it it all gets done next year. this year is the down payment. >> that's right. >> now, don, is it too early, though, to make...
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speaker john boehner didn't want anything to do with it. the revenue problem can be solved by modernizing the postal service. bernie sanders says this is what we can do about it. >> the postal service has to change. it has to be entrepreneurial. much more pro-consumer. in our state, we have many rural post offices. people want to go there to get letters copied. can't do that. they want to get letters, notarized, against the law. there are many areas the postal service can bring in substantially more revenue. >> and this is breaking news. no tax dollars go to the operation of the postal service. that's right. zero dollars. these solutions are simple, but republicans are against helping the post office because they want to see it eliminated, bust the union, privatize it. the longer nothing is done, more jobs are lost. the postal service has plans to close 260 post offices around the country. this means that an additional jobs at risk if nothing is done. republicans in action on this issue is actually shameless. they have had all year to come
speaker john boehner didn't want anything to do with it. the revenue problem can be solved by modernizing the postal service. bernie sanders says this is what we can do about it. >> the postal service has to change. it has to be entrepreneurial. much more pro-consumer. in our state, we have many rural post offices. people want to go there to get letters copied. can't do that. they want to get letters, notarized, against the law. there are many areas the postal service can bring in...
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Nov 17, 2012
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you know, when john boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the cliff and get blamed for that? >> well, it's a tough situation for them. there's no question about it because as you know, the default position, if we don't do anything is for the taxes to go up on everybody on january 1st, and that's something i think both sides want to avoid. it's very interesting, the thing that happened this week to start the week, was who was the first person that barack obama met with in the white house since his election, the labor unions, the labor block, that tells a lot who is driving policy at least at the start of the second term? and the labor unions basica
you know, when john boehner appears, they say are you willing to accept higher rates. no one says what are you going to do about entitlements or anything, there's no question of the president whether he will compromise and what that would look like. >> paul: steve, what do you think the republicans ought to do here? is there a way out for them or are they going to be pushed back into a corner where they have no choice, but to concede that they have to raise tax rates or else go over the...
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Nov 17, 2012
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speaker john boehner didn't want anything to do with it. the revenue problem can be solved by modernizing the postal service. bernie sanders says this is what we can do about it. >> the postal service has to change. it has to be entrepreneurial. much more pro-consumer. in our state, we have many rural post offices. people want to go there to get letters copied. can't do that. they want to get letters, notarized, against the law. there are many areas the postal service can bring in substantially more revenue. >> and this is breaking news. no tax dollars go to the operation of the postal service. that's right. zero dollars. these solutions are simple, but republicans are against helping the post office because they want to see it eliminated, bust the union, privatize it. the longer nothing is done, more jobs are lost. the postal service has plans to close 260 post offices around the country. this means that an additional jobs at risk if nothing is done. republicans in action on this issue is actually shameless. they have had all year to come
speaker john boehner didn't want anything to do with it. the revenue problem can be solved by modernizing the postal service. bernie sanders says this is what we can do about it. >> the postal service has to change. it has to be entrepreneurial. much more pro-consumer. in our state, we have many rural post offices. people want to go there to get letters copied. can't do that. they want to get letters, notarized, against the law. there are many areas the postal service can bring in...
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speaker boehner has said he's open to raising revenue. he has not told us or the american public exactly how he would do it. so i do think it would be useful if he would spell it out, then we would have two clear proposals on the table to compare. >> well, it's going to be a long negotiation, it seems, tough negotiation to work things through. but i know a lot of people are hopeful that a deal comes through before the amendment of the year, sir. >> yes, indeed. again, the model, the framework should be the kind of framework that bipartisan groups have come up with in the past in terms of a mix of cuts and again, we did a trillion dollars in cuts last year, but also revenue. that's the kind of balanced approach we need to take. >> allallall right. thank you for joining us. we appreciate it. >> thank you. >> friday former c.i.a. director david petraeus testified hyped closed doors on capitol hill. for some his testimony about the september 11 benghazi attack raises more questions than it answers. we'll ask two congressmen about that in a fa
speaker boehner has said he's open to raising revenue. he has not told us or the american public exactly how he would do it. so i do think it would be useful if he would spell it out, then we would have two clear proposals on the table to compare. >> well, it's going to be a long negotiation, it seems, tough negotiation to work things through. but i know a lot of people are hopeful that a deal comes through before the amendment of the year, sir. >> yes, indeed. again, the model, the...
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Nov 17, 2012
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speaker john boehner didn't want anything to do with it. the revenue problem can be solved by modernizing the postal service. bernie sanders says this is what we can do about it. . >> the postal service has to change. it has to be entrepreneurial. much more pro-consumer. in our state, we have many rural post offices. people want to go there to get letters copied. can't do that. they want to get letters, notarized, against the law. there are many areas the postal service can bring in substantially more revenue. >> and this is breaking news. no tax dollars go to the operation of the postal service. that's right. zero dollars. these solutions are simple, but republicans are against helping the post office because they want to see it eliminated, bust the union, privatize it. the longer nothing is done, more jobs are lost. the postal service has plans to close 260 post offices around the country. this means that an additional that's at risk if nothing is done. republicans in action on this issue is actually shameless. they have had all year to c
speaker john boehner didn't want anything to do with it. the revenue problem can be solved by modernizing the postal service. bernie sanders says this is what we can do about it. . >> the postal service has to change. it has to be entrepreneurial. much more pro-consumer. in our state, we have many rural post offices. people want to go there to get letters copied. can't do that. they want to get letters, notarized, against the law. there are many areas the postal service can bring in...
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there could be some possible could use with john boehner saying that republicans are willing to consider increase revenue as well as it is noit also is-accod with spending cuts. >> this deals with reforming our tax code and 80 framers that deals with our spending. i believe that the framework is consistent with the president's call for a fair and balanced approach. >> we understand that has to be about cuts. we understand about our responsibility that it has to be about revenue. it has to be about the growth it has to be about the future. >> after all that talk amoun meet for tar described as pretty much everybody was talking about it-those talks were pretty constructive. the highly anticipated wii u will be $300 and new gaming technology. gabe slate tech report >> i got my hands on the new wii u this wireless game controller. here is a sneak peek at one of the greatest products. this is the wii u much more horrible machine with a fall high- definition graphics and the visuals looked much cleaner and sharper. much more -- highly anticipated machine. -- >> this touch-like tablet is great
there could be some possible could use with john boehner saying that republicans are willing to consider increase revenue as well as it is noit also is-accod with spending cuts. >> this deals with reforming our tax code and 80 framers that deals with our spending. i believe that the framework is consistent with the president's call for a fair and balanced approach. >> we understand that has to be about cuts. we understand about our responsibility that it has to be about revenue. it...
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Nov 17, 2012
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CNN
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president obama state what his position is, which honestly everyone already knows and house speaker john boehner stated what his feeling is on dealing with the fiscal cliff. and that sort of perfunctory here's my position sort of gave way to a back and forth between these two leaders. nothing was settled, but the tone was reportedly good and both republicans and democrats in the room seemed aware this would come down to dealing with tax reform and entitlement reform, and the source told me when the president raised the issue of increasing revenue, there was no, "no, we're not going to do that" from republicans, and when republicans talked about entitlement reform, the president agreed that was something that has to be done. >> well, it sounds good, but do you think when it comes down to the brass tacks both sides are actually ready to bend a bit? >> reporter: i think they're ready to bend than they were going into that whole debacle that was the debt situation. there are some specifics that need to be sorted out for sure, exactly how to raise revenue. as you know, democrats would like to raise t
president obama state what his position is, which honestly everyone already knows and house speaker john boehner stated what his feeling is on dealing with the fiscal cliff. and that sort of perfunctory here's my position sort of gave way to a back and forth between these two leaders. nothing was settled, but the tone was reportedly good and both republicans and democrats in the room seemed aware this would come down to dealing with tax reform and entitlement reform, and the source told me when...
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after a closed door meeting house speaker john boehner said i believe we can do this. >> i hope this is the beginning of a fruit of process where we're able to come to an agreement where we'll reduce our deficit in a balanced way. >> to show our seriousness we've put revenue on the table as long as it's accompanied by significant spending cuts. >> an aide to senate majority leader harry reid told fox news democrats are open to the closure of various tax loopholes as a way of raising revenue but only if republicans agree first to raise rates on the wealthy. >>> major traffic relief is coming to commuters in northern virginia. after five years of construction the new express lanes on the beltway open tomorrow. carpoolers and drivers willing to pay will be able to use the lanes to avoid the congestion. fox 5's sherri ly has more. >> reporter: the beltway is notorious for its gridlock and officially the express lanes don't open until tomorrow morning, but don't be surprised if you see them open up late tonight and then come monday when it's bumper to bumper on the beltway, the express la
after a closed door meeting house speaker john boehner said i believe we can do this. >> i hope this is the beginning of a fruit of process where we're able to come to an agreement where we'll reduce our deficit in a balanced way. >> to show our seriousness we've put revenue on the table as long as it's accompanied by significant spending cuts. >> an aide to senate majority leader harry reid told fox news democrats are open to the closure of various tax loopholes as a way of...
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. >> plus, president obama and john boehner launch another effort to save the country from falling off the fiscal cliff. economists will be here to size up negotiations. caution. you are about to enter the no spin zone. "the factor" begins right now. >> hi. i'm greg gutfeld in for bill o'reilly. thanks for watching us tonight's. let's get to our top story. general david petraeus on capitol hill testifying about libya. exactly one week after resigning as the head of the c.i.a. because of an affair, petraeus testified today in closed door hearings in front of both the house and senate intelligence committees. according to those who were there, petraeus said the c.i.a. immediately suspected that al-qaeda was involved in the 9-11 benghazi attack. but for some reason, the original c.i.a. talking points had been altered. the al-qaeda reference removed. this raises all kind of questions. joining me now to answer them, senator roy blunt, a member of the senate intelligence committee who is in washington this evening. i got to say, this is isn't just a smoking gun. it's like a smoking cannon. t
. >> plus, president obama and john boehner launch another effort to save the country from falling off the fiscal cliff. economists will be here to size up negotiations. caution. you are about to enter the no spin zone. "the factor" begins right now. >> hi. i'm greg gutfeld in for bill o'reilly. thanks for watching us tonight's. let's get to our top story. general david petraeus on capitol hill testifying about libya. exactly one week after resigning as the head of the...
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greater confidence that he's got more leverage, and republicans are a bit chasen by the outcome so boehner and mcconnell have more control over their flocks than they did before the election. >> thank you. >>> let's get a check of the morning's other top stories now. jenna wolfe is standing by. good morning. >>> good morning. the coast guard is searching for two workers who went missing after a fire on an oil rig in the gulf of america. the fire which broke out friday as workers were using a torch to cut an oil line was quickly put out. the coast guard said no oil is coming from the well. >>> a national tragedy is playing out in the plains of west texas. frail investigators are trying to determine whether a small parade to honor wounded veterans had been given enough warning to clear train tracks they were trying to cross. a freight lane slammed into the tractor trailer killing four decorated veterans and injuring 16 people. >>> there's been another terrible train crash this one in southern egypt. a security official says it appears a railroad crossing was not closed when a speeding train
greater confidence that he's got more leverage, and republicans are a bit chasen by the outcome so boehner and mcconnell have more control over their flocks than they did before the election. >> thank you. >>> let's get a check of the morning's other top stories now. jenna wolfe is standing by. good morning. >>> good morning. the coast guard is searching for two workers who went missing after a fire on an oil rig in the gulf of america. the fire which broke out friday as...
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boehner has indicated he's putting revenues on the table. that makes it possible for us to begin the very difficult discussion about what revenues and how do you get them and what cuts and how do you make them. so we have a lot of work to do. at least the framework is some greater possibility for a positive outcome. >> last time around, republicans insisted that any new increases in revenue must be off-set by a lowering of tax rates. are you encouraged by the gop's apparent new willingness to accept a more balanced approach? >> i'm very much encouraged by it. that is what made it impossible for us to even have discussions at all up until the election results came in. as you know, president obama ran on a very explicit platform of restoring the clinton area tax rates for folks above $250,000. romney explicitly ran against that. exit polls showed half the folks who voted for romney in fact supported the obama position on taxes. the other thing that's important to keep in mind, we -- our congress actually has made a trillion and a half dollars
boehner has indicated he's putting revenues on the table. that makes it possible for us to begin the very difficult discussion about what revenues and how do you get them and what cuts and how do you make them. so we have a lot of work to do. at least the framework is some greater possibility for a positive outcome. >> last time around, republicans insisted that any new increases in revenue must be off-set by a lowering of tax rates. are you encouraged by the gop's apparent new...
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. >> reporter: john boehner proposed that leaders establish a framework in the next six weeks for widescale reform of the tax code, medicare and social security in 2013. the goal would be to set specific targets now for savings for those reforms. that would negate the need for deep spending cuts that are set to kick in on january 1st. >> take some deep breaths. >> reporter: while democrats balk at any intention of entitlement reform, nancy pelosi signals a new openness >> do we want to have saves from everything that we do? certainly. we need revenue, savings, and growth. >> reporter: she said there appeared to be interest among the leaders for a big deal, $4 trillion in deficit reduction along the lineups of the grand bargain -- lines of the grand bargain that fell apart between the president dent and john boehner last year. >>> tonight the shelves are empty. >> i'm just fighting for my rights and don't take away what i got. >> the twinkie is now a story of lost jobs. >> it's a childhood memory, definitely. >> in the creamy filling, there is also a lesson in nostalgia. why so many american
. >> reporter: john boehner proposed that leaders establish a framework in the next six weeks for widescale reform of the tax code, medicare and social security in 2013. the goal would be to set specific targets now for savings for those reforms. that would negate the need for deep spending cuts that are set to kick in on january 1st. >> take some deep breaths. >> reporter: while democrats balk at any intention of entitlement reform, nancy pelosi signals a new openness...
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the congressional leaders, boehner, reid, pelosi, mcconnell, were optimistic but cautious about a deal. here they are at the stakeout. >> to show our seriousness, we have put revenue on the table as long as it's accompanied by significant spending cuts. >> we have the cornerstones of being able to work something out. we're both going to have to give up some of the things that we know are a problem. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. we should show some milestones of success so that confidence can build. >> we're prepared to put revenue on the table provided we fix the real problem. >> the real problem. you got that? mcconnell is always the tree stump on the lawn when you're trying to cut it. this afternoon the president held his fourth and final meetings with stakeholders, civic leaders, and members of civic organizations. marc morial is president of the urban league, he was at the afternoon meeting as was aaron smith is cofounder of a group called young invincibles dedicated to ensuring that young people's persp
the congressional leaders, boehner, reid, pelosi, mcconnell, were optimistic but cautious about a deal. here they are at the stakeout. >> to show our seriousness, we have put revenue on the table as long as it's accompanied by significant spending cuts. >> we have the cornerstones of being able to work something out. we're both going to have to give up some of the things that we know are a problem. >> we should have a goal in terms of how much deficit reduction. we should have...
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the congressional leaders, boehner, reid, pelosi, mcconnell, were optimistic but cautious about a deal. here they are at the stakeout. >> to show our seriousness, we have put revenue on the table as long as it's accompanied by significant spending cuts. >> we have the cornerstones of being able to work something out. we're both going to have to give up some of the things that we know are a problem. >> we should have a goal in terms of how much deficit reduction. we should have a deadline before christmas. we should show some milestones of success so that confidence can build. >> we're prepared to put revenue on the table provided we fix the real problem. >> the real problem. you got that? mcconnell is always the tree stump on the lawn when you're trying to cut it. this afternoon the president held his fourth and final meetings with stakeholders, civic leaders, and members of civic organizations. marc morial is president of the urban league, he was at the afternoon meeting as was aaron smith is cofoirnd of a group called young invincibles dedicated to ensuring that young people's perspe
the congressional leaders, boehner, reid, pelosi, mcconnell, were optimistic but cautious about a deal. here they are at the stakeout. >> to show our seriousness, we have put revenue on the table as long as it's accompanied by significant spending cuts. >> we have the cornerstones of being able to work something out. we're both going to have to give up some of the things that we know are a problem. >> we should have a goal in terms of how much deficit reduction. we should have...
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and house speaker john boehner said republicans are willing to offer higher tax revenue as part of a deal. >> to show our seriousness we've put revenue on the table, as long as it's accompanied by significant spending cuts. and while we're going to continue to have revenue on the table, it's going to be incumbent for my colleagues to show the american people that we're serious about cutting spending and solving our fiscal dilemma. >> holman: on the democratic side, senate majority leader reid promised work will continue on a deal over the thanksgiving recess. he said, "we all know something has to be done." wall street took some hope from that white house meeting. the dow jones industrial average gained nearly 46 points to close at 12,588. the nasdaq rose 16 points to close at 2,853. but for the week, the dow and the nasdaq fell nearly 2%. also today, j.p. morgan chase and credit suisse agreed to pay $417 million in a federal civil settlement. they allegedly sold mortgage bonds they knew could fail before the 2008 financial crisis. it looks like twilight for twinkies. hostess brands
and house speaker john boehner said republicans are willing to offer higher tax revenue as part of a deal. >> to show our seriousness we've put revenue on the table, as long as it's accompanied by significant spending cuts. and while we're going to continue to have revenue on the table, it's going to be incumbent for my colleagues to show the american people that we're serious about cutting spending and solving our fiscal dilemma. >> holman: on the democratic side, senate majority...